Analysts forecast that Regal Beloit Corporation (NYSE:RBC) will announce $1.38 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Regal Beloit Corporation’s earnings. The highest EPS estimate is $1.42 and the lowest is $1.33. Regal Beloit Corporation posted earnings of $1.31 per share in the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next earnings report before the market opens on Monday, November 6th.
On average, analysts expect that Regal Beloit Corporation will report full year earnings of $4.86 per share for the current year, with EPS estimates ranging from $4.82 to $4.93. For the next year, analysts forecast that the business will post earnings of $5.29 per share, with EPS estimates ranging from $5.21 to $5.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Regal Beloit Corporation.
Regal Beloit Corporation (NYSE:RBC) last announced its quarterly earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. The firm had revenue of $869.20 million for the quarter, compared to analyst estimates of $854.66 million. Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share.
Several research firms recently issued reports on RBC. Morgan Stanley increased their target price on Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub lowered Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $88.00 price target on shares of Regal Beloit Corporation in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 price target on shares of Regal Beloit Corporation in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Regal Beloit Corporation presently has an average rating of “Hold” and a consensus price target of $86.33.
Shares of Regal Beloit Corporation (NYSE RBC) traded up 0.82% during trading on Friday, hitting $79.90. The stock had a trading volume of 136,561 shares. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 17.64 and a beta of 1.53. The company’s 50 day moving average price is $78.30 and its 200 day moving average price is $79.48. Regal Beloit Corporation has a 12 month low of $56.45 and a 12 month high of $87.50.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.26 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.30%. Regal Beloit Corporation’s payout ratio is currently 22.96%.
A number of large investors have recently added to or reduced their stakes in RBC. BlackRock Inc. grew its stake in Regal Beloit Corporation by 12,739.2% during the 1st quarter. BlackRock Inc. now owns 4,042,162 shares of the industrial products company’s stock worth $305,789,000 after buying an additional 4,010,679 shares during the last quarter. Vanguard Group Inc. lifted its position in Regal Beloit Corporation by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 3,992,141 shares of the industrial products company’s stock worth $302,006,000 after acquiring an additional 253,058 shares during the period. Kennedy Capital Management Inc. lifted its position in Regal Beloit Corporation by 94.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 364,485 shares of the industrial products company’s stock worth $29,724,000 after acquiring an additional 177,243 shares during the period. Nuveen Asset Management LLC lifted its position in Regal Beloit Corporation by 36.2% during the 1st quarter. Nuveen Asset Management LLC now owns 386,346 shares of the industrial products company’s stock worth $29,227,000 after acquiring an additional 102,723 shares during the period. Finally, Northern Trust Corp lifted its position in Regal Beloit Corporation by 16.6% during the 2nd quarter. Northern Trust Corp now owns 612,609 shares of the industrial products company’s stock worth $49,958,000 after acquiring an additional 87,032 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.
Regal Beloit Corporation Company Profile
Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.
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